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Rise in oil price is breaking India’s back: Jaishankar

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Rise in oil price is breaking India’s back: Jaishankar

Washington, Sep 27 (PTI) External Affairs Minister S. Jaishankar on Tuesday said India, with a per capita income of USD 2,000, is concerned about rising oil prices due to the Russia-Ukraine conflict and it is “breaking our back”.

In a joint press conference after his meeting with US Secretary of State Antony Blinken, Jaishankar said there is a deep concern among developing countries about how their energy needs will be met.

Regarding the Ukraine war, he said, “We have taken a private, public, confidential and consistent position that this conflict is not in anyone’s interest.”

He said the best way is to return to dialogue and diplomacy. “We are worried about the price of oil, but we have a $2,000 per capita economy. The price of oil is breaking our back and this is our biggest concern.

Responding to a question on India buying military equipment from Russia, Jaishankar said, “It is not an issue from where we get our military equipment, whatever the issue is, it has changed due to geo-political circumstances.” ‘

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